Lee Jae-myung elected President of South Korea, proposes to launch a stablecoin pegged to the Korean won
According to Odaily Planet Daily, Lee Jae-myung, the candidate from the Democratic Party of Korea, has been elected President of South Korea. During policy discussions, Lee proposed to launch a stablecoin pegged to the Korean won to curb capital outflows and enhance national financial sovereignty. South Korean law currently prohibits the issuance of local stablecoins, and local exchanges mainly rely on US dollar stablecoins.
